Trading Plan – Monday 12th December 2022: Huge week for central banks

Mark NugentDec 2022, Trading Plan

Trading Plan – Monday 12th December 2022: Huge week for central banks

Good evening.

Last week was notable for two main reasons. Firstly, the European Central Bank (ECB) began to talk like the Federal Reserve in that they alluded to the cumulative yet-to-be-realised effects of past rate hikes. This clearly hints at taking the foot off the rate-hiking pedal, at least to some extent, and is relatively dovish. The other notable event was the Chinese authorities taking significant new measures to reverse their zero-covid strategy.

I placed one trade last week: S&P500 short. I made a profit of 1.88 percent of my capital.

This week is heavily focused on central banks. We have rate hikes (presumably) from the Fed on Wednesday and both the ECB and the Bank of England on Thursday. I will be watching closely for dovish signs and any downwards revisions to the banks’ inflation forecasts.

As always, I go through my trading themes for the week in your video.

I will be back tomorrow.

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